Logo Title
obverse
reverse
Florino28 CC BY-NC-SA
Context
Years: 2008–2025
Issuer: Austria Issuer flag
Period:
(since 1945)
Currency:
(since 2002)
Total mintage: 410,205,000
Material
Diameter: 22.25 mm
Weight: 5.74 g
Thickness: 2.14 mm
Composition: Nordic gold (89% Copper, 5% Aluminium, 5% Zinc, 1% Tin)
Magnetic: No
Technique: Milled
Alignment: Medal alignment
Obverse
OBVERSE ↑
flip
Reverse
REVERSE ↑
References
KM: #Click to copy to clipboard3140
Numista: #7927
Value
Exchange value: 0.20 EUR = $0.24
Inflation-adjusted value: 0.32 EUR

Obverse

Description:
The Belvedere Palace, a baroque landmark where Austria’s 1955 sovereignty treaty was signed, is encircled by its face value, heraldic lines for the Austrian flag, and the twelve European stars.
Inscription:
EURO CENT

20

2008
Translation:
EURO CENT

20

2008
Script: Latin
Languages: English, Latin
Engraver: Josef Kaiser

Reverse

Description:
A map symbolizes the union of the EU's fifteen nations.
Inscription:
20

LL

EURO

CENT
Script: Latin
Engraver: Luc Luycx

Edge

Smooth with seven Indentations ("Spanish flower")

Mints

NameMark
Münze Österreich

Mintings

YearMint MarkMintageQualityCollection
200845,300,000
200815,000Proof
200850,000BU
200949,800,000
200975,000BU
200915,000Proof
20104,200,000
201050,000BU
201015,000Proof
201121,300,000
201150,000BU
201115,000Proof
201210,800,000
201250,000BU
201210,000Proof
201325,200,000
201350,000BU
201310,000Proof
201450,000BU
201410,000Proof
201410,500,000
20159,000,000
201550,000BU
201510,000Proof
201630,000,000
201650,000BU
201610,000Proof
201710,000Proof
201730,000,000
2017BU
201820,400,000
2018BU
201810,000Proof
201910,000Proof
201925,600,000
2019BU
202019,800,000
2020BU
202010,000Proof
202110,000Proof
202121,000,000
202150,000BU
202225,300,000
202250,000BU
202210,000Proof
202338,000,000
202350,000BU
202310,000Proof
202423,100,000
202450,000BU
2025
202550,000BU

Historical background

In 2008, Austria was a member of the European Union and a full participant in the Eurozone, having adopted the euro as its official currency in 1999 (for accounting purposes) and introducing euro banknotes and coins in 2002. Consequently, the country did not have an independent national currency policy; its monetary policy was set by the European Central Bank (ECB) in Frankfurt. This meant that Austria's primary economic tools during the unfolding global financial crisis were fiscal policy and the management of its banking sector, rather than direct control over interest rates or currency valuation.

The currency situation was nonetheless critical, as the stability of the euro itself became a central concern. Austria's financial system was particularly exposed to the emerging markets of Central and Eastern Europe, as its banks (like Erste Group and Raiffeisen Bank International) had aggressively expanded there. As the crisis intensified in late 2008, fears grew about the solvency of these banks and the potential for massive capital outflows, which put indirect pressure on the euro. Austria's currency situation was thus intrinsically linked to the euro's strength and the perception of risk within the wider European banking system.

Domestically, the fixed exchange rate of the euro provided stability by eliminating currency risk with its main trading partners, but it also removed the option of devaluation to boost competitiveness. The government's focus turned to securing euro-denominated liquidity for its banks and participating in coordinated EU-wide rescue efforts. Ultimately, Austria navigated the 2008 crisis within the framework of the Eurozone, relying on ECB interventions and European solidarity to maintain currency stability, while confronting a severe banking crisis that was largely homegrown in its causes.

Series: 2008 Austria circulation coins

10 Euro Cents obverse
10 Euro Cents reverse
10 Euro Cents
2008-2025
20 Euro Cents obverse
20 Euro Cents reverse
20 Euro Cents
2008-2025
50 Euro Cents obverse
50 Euro Cents reverse
50 Euro Cents
2008-2025
1 Euro obverse
1 Euro reverse
1 Euro
2008-2025
2 Euro obverse
2 Euro reverse
2 Euro
2008-2025
🌱 Very Common